Netotrade is a trading company. It was launched in 2010, in the United Kingdom. With this broker, you can trade in 49 different currency pairs, which is far more than all the other competitors offer. The firm is designed in such a way that it suits both beginner and experienced traders.
This is why, Netotrade provides a wide range of account types, to meet every client’s needs.
What Is Netotrade?
Netotrade is a leader in the trading industry. It offers a multilayered approach to this market. As a client, you can trade on the Forex market, commodities, stocks, indices, and more. The company uses MetaTrader 4 software, which is an intuitive and powerful platform. Netotrade offers plenty of features, from different binary options to an in-house developed mobile app. The minimum deposit for the standard account is 500 dollars, while the minimum investment must be at least 1,000 dollars.
Netotrade Account Types
Netotrade offers the following account types:
- Mini account. This membership type was specially created for the newcomers and those traders who don’t have a lot of experience in this field. The risk is at its lowest. You will be required to place an initial deposit of 500 dollars. This way, you will become eligible to receive a welcome bonus which can reach up to 25 percent. These members have access to all available platforms as well as to a live chat support.
- Gold account. The gold account is suitable for more experienced traders, those who know their way in the Forex market. The welcome bonus is 20 percent, and the initial deposit is 5,000 dollars. If you choose to open this type of account, you will gain access to all learning tools as well as all the trading platforms. A personal account manager will be designated to support you along the way.
- ECN account. This one is dedicated to those clients who are professional traders. If you sign up for this kind of account, you will receive an initial bonus of 15 percent, and you will be required to place a minimum deposit of 5,000 dollars. This type of membership offers you all the perks and benefits from the Gold account plus some extra incentives such as technical analysis reports.
- Platinum account. The Platinum account is Netotrade’s premium membership, created for experienced Forex traders. For this account, the minimum initial deposit is 50,000 dollars, while the welcome bonus is 15 percent. With this membership, you will be offered a lot of benefits such as a personal account manager, reports, and market update emails.
Netotrade Demo Account
Netotrade’s demo account is a risk-free trading environment, specially created for those of you who are inexperienced. The company will fill your account with 50,000 dollars as a bonus, and you can start trading immediately. There will not be real currencies but virtual money that you will use. This why, it will be easier for you to quit if things don’t work out the way you wanted.
Even though this is only a practice type of membership, you will have full access to all trading tools such as market signals, education tools, trading assets, and more. All you need to so is to sign up and create a free account.
Netotrade provides plenty of bonuses and incentives to its clients. These are offered to both new and old customers. You will receive the first benefit at the moment in which you open a new account. This is called the initial or welcome bonus. The maximum deposit bonus reaches up to 25 percent.
For those of you who have been members for a long time, the broker gives a well-organized bonus program. For example, if you convince your friends to join this trading company, Netotrade will offer you a few hundred dollars for each new client you brought.
Netotrade Minimum Deposit and Minimum Trade
Deposits can be placed in either US dollars or euros. You can use plenty of deposit methods like credit cards, bank wire, and several other alternatives. As I previously mentioned, the minimum deposit is 500 dollars for the standard account. After placing this amount, your account will become active almost immediately. The minimum investment is 1,000 dollars, but it can go up to 5,000 dollars, depending on which account type you choose to open.
Netotrade offers fast withdrawals, which are quickly processed after you provide them all the necessary identification documentation. When you make a withdrawal, you can utilize the same payment methods like those you used to place a deposit. The company will not charge any additional fees for this process. Make sure to read their “Terms & Conditions” page before initiating a withdrawal.
To make a withdrawal, you will need to follow some simple steps:
- Go to the member login page and enter into your personal account.
- Click on your personal account information window, and select the withdrawal option from the menu.
- Complete all the required details, then click the submit button. You can find it at the bottom of your online form.
Netotrade Binary Options Types
The company, like all other trading brokers, uses the most common binary options types. Among them, there are the following ones:
- One touch. With this option, you have to predict in advance whether an assets’ price will reach a certain level or not. If this level is reached before the expiry time, you win. With this kind of binary option, you can gain a profit of up to 100 percent of your investment.
- 60 seconds. This is one of the most common trading options, being created for those who are willing to take higher risks. Having a short expiry time makes it easier to adjust your strategy according to the market’s flow.
- High/low. When you choose this trading option, you will be required to predict a certain price range of a specific asset. You will have to foresee both the minimum and the maximum level of this price. Your chosen asset’s value must remain within these two limits until the trade expires.
The company has developed a mobile trading app, which can be downloaded from different platforms such as iTunes and Google Apps. This why, you will be able to trade from anywhere you are, without having to stay at a desk with a computer. You can stay ahead of the trading market by using your smartphone.
This mobile app was created using HTML5 programming language. This makes it compatible with different smartphones’ brands like BlackBerry 6, Android, and iPhone. You will gain access to a real-time chart, and you will be able to modify your orders in real-time. Also, the app provides the possibility of using interactive currency.
Surprisingly, this broker offers most if its support through a website FAQ section. Besides this, they also provide a live chat room, as well as an e-mail address and an online form. Even though they have a phone number that clients can use to contact them, this number is available only for the United Kingdom.
What is more important is that every client will receive the support of a personal account manager. He/she will support you and offer you advice every step of the way. The help desk team is available 24/7, and the most recommended way to get in touch with them is via live chat.
Is Netotrade Legit or Scam?
Even though this firm is not regulated yet, it is totally legit. Netotrade has gained a prestigious name by providing high-quality services. They are a serious broker, with a responsive customer care department. If you have doubts, you can consult their learning materials. They offer plenty of educational resources for both beginner and experienced traders.
Netotrade Pros and Cons
- This trading firm has an easy-to-use platform.
- It is flexible regarding account types and binary options.
- This broker provides flexible leverages, that reach up to 400:1.
- The trading platform suits both beginners and professional traders’ needs.
- With Netotrade, you can easily transfer funds.
- The company is not regulated yet.
- This broker’s services are not available for clients from the United States.
- Some clients complained about the fact that the customer service team couldn’t solve their problems, but this is available only for a few members.
Successfully Trading with Netotrade
Netotrade is a prestigious trading company that has always met its clients’ needs and expectations. It offers plenty of options and features as well as a highly responsive platform. Also, they provide a wide range of relevant educational tools, including a practice account. The broker’s activity is conducted by trading experts who will always be there to support you, if necessary.